Schlumberger Acquires Insensys Oil & Gas

Schlumberger on Friday announced the acquisition of Insensys Oil & Gas Ltd, a provider of non-intrusive fiber-optic measurements for application in the integrity surveillance of subsea production systems. Insensys Oil & Gas is based in Southampton, U.K., and has 16 employees.

"Insensys Oil & Gas fiber-optic technology provides Schlumberger with an exciting entry into a market where customers are actively seeking measurements and information to provide integrity assurance in the deeper subsea environments now being developed," said Pascal Panetta, vice president, Schlumberger Subsea.

Through this acquisition, existing Schlumberger fiber-optic measurements and subsurface surveillance domain knowledge will be integrated with Insensys Oil & Gas non-intrusive fiber-optic subsea integrity surveillance solutions to create unique product offerings that will provide customers with the integrity assurance capability that reduces technical risk in deep-water subsea developments.

"This is a significant step for our employees and customers," said Lenny Sutherland, chief executive officer, Insensys Oil & Gas Ltd. "As part of the subsea surveillance group, our measurements and sensor technology can be further advanced to provide robust subsea technical integrity surveillance systems."

Schlumberger is a leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry. The company employs more than 70,000 people of over 140 nationalities working in approximately 80 countries. Schlumberger supplies a wide range of products and services from seismic acquisition and processing; formation evaluation; well testing and directional drilling to well cementing and stimulation; artificial lift and well completions; and consulting, software and information management.

Insensys provides unique fiber-optic based technology for measuring structural loads to assist operators with integrity management and production optimization of operating assets. The company has two trading entities: Insensys Oil & Gas Ltd. provides integrity monitoring solutions for the offshore Subsea Umbilical Riser and Flowline (SURF) market, while Insensys Ltd. supplies products to the wind energy and aerospace sectors for structural health and control applications.

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